InterDigital Inc (IDCC)

[Data_Rox]

Jim - here is an old list through 2011

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rmarchma Member Level Monday, 03/05/12 09:43:38 AM
Re: None
Post # of 391697
IDCC Revenues by Years/Licensees through 2011

2011
Total Revenues = $301.7m

Past Sales revenues = $13.6m (Q1 = $2.3m, Q2 = $0.6m, Q3 = $7.9m, Q4 = $2.8m)

Technology revenues = $6.4m (Infineon $5.4m, Other $1m)

Fixed-Fee revenues of $135.2m as follows:

Samsung... $102.8m ($25.7m per quarter) (license expires 12/31/2012)
Pantech........$15.6m ($3.9m per quarter)
Apple............ $8.4m ($2.1m per quarter)
Inventec ........$6.0m ($1.5m per quarter)
Panasonic .....$1.3m for Q1 2011 (converted to a full per-unit license in Q2 2011)
Lucent.......... $0.7m for Q1 2011 (license expired at end of Q1 2011)
Unidentified fixed-fee increase in Q4 2011... $0.4m

Subtotal Fixed-Fee licensees= $135.2m

Per-Unit revenues of $146.5m as follows:

RIM..... $42.9m (license expires 12/31/2012)

HTC..... $33.8m

Unidentified Japanese per-unit licensee... $11.5m (whose license expires in 2012. My guess is Panasonic by process of elimination. Sharp and Toshiba's licenses don't expire until the last licensed patent expires. NEC's license doesn't expire until end of 2015, and it was updated in 2010 to also include Hitachi and Casio in its joint venture. Kyocera just renewed its license in 2010. SII Mobile is too small to generate $11.5m of yearly royalty. That only leaves Panasonic, who switched from a combo fixed/per-unit license to a completely per-unit license in Q2 2011.)

Other Japanese per-unit licensees, excluding Panasonic fixed portion.... $48.8m (includes Sharp, NEC/Hitachi/Casio, Kyocera, Toshiba, and SII Mobile )

Canadian per-unit licensees, excluding RIM ......$11.8m ( the only other Canadian licensee that I know of is Sierra Wireless. Therefore this $11.8m is probably Sierra, and $7.9m of it may relate to Q3 Past Sales from perhaps Wavecom, who Sierra acquired in 2009. A settlement on the Wavecom issue could have opened the door to IDCC being able to add 4G to Sierra's license in Q1 2012)

US licensees, excluding Apple and Lucent .....$4.6m (includes Intel Mobile, Beechem, Enfora, others???)

Taiwan licensees, excluding HTC and Inventec....$4.2m (includes Acer, Pegatron, Quanta, Arima, and Asustek)

European licensees, excluding Infineon/Germany .....$3.5m (includes ST Ericsson, Alcatel, Option, others???)

Chinese licensee ....$0.7m (Spreadtrum, Capisemi)

Less: Past sales revenues to keep from double-counting in above countries..... (13.6m)
Less: Other Unidentified technology revenue to keep from double-counting in above countries .....($1.0m)
Less: Unidentified Q4 fixed-fee increase to keep from double-counting in above countries ....($0.4m)
Less: Unlocated difference, perhaps rounding .... (0.3m)

Subtotal per-unit licensees = $146.5m

Total Revenues = $301.7m


A further reconciliation of 2011 revenues to the chart of revenues by country in the 10K:

Korea $118.1m (Samsung $102.8m, Pantech $15.6m)
Japan $61.6m (Panasonic fixed $1.3m, possibly Panasonic expiring $11.5m, all other Japan $48.8m)
Canada $54.7m (RIM $42.9m, possibly Sierra Wireless $11.8m)
Taiwan $44.0m (HTC $33.8m, Inventec $6.0m, all other Taiwan $4.2m)
US $13.7m (Apple $8.4m, Lucent $.7m, all other US $4.6m)
Germany $5.4m (Infineon $5.4m, possibly some of this could also be Cinterion)
Other Europe $3.5m (ST Ericsson, Option, Alcatel, other)
China $0.7m (Spreadtrum, Capisemi)

Total Revenues by Country = $301.7m



2010
Total Revenues = $394.5m

Past Sales = $41.3m (Casio Hitachi= $29m, Kyocera= $4.9m, True-Up Audit= $6.7m, Other= $.7m)

Technology Solutions = $24.3m (New 2010 Tech licensees= $14.7m: Capisemi and another new unnamed Chinese Chip Company $6.2m, Beceem $8.5m, including $4.3m termination fee; Infineon= $9.6m)

Fixed-Fee royalty of $195.8m as follows:

Samsung ...$102.8m ($25.7m per quarter)
LG .........$57.4m ($14.35m per quarter) Expired 12/31/10
Pantech....$15.6m ($3.9m per quarter)
Apple......$8.4m ($2.1m per quarter)
Inventek amended ...$3.5m (Q2:$.5m, Q3:$1.5m, Q4:$1.5m)
Lucent ....$2.8m ($700,000 per quarter)
Panasonic $5.3m ($1.35m per quarter, arising from Q3, 2008 conversion from per-unit to combo fixed-fee, per-unit license)

= Subtotal Fixed-Fee Licensees....$195.8m

Per-Unit royalty of $133.1m as follows:

RIM.... $34.8m (Q4 actual: $10.4m + other 3 quarters estimated: $24.4m )

Sierra Wireless estimated..... $4m
Sharp estimated.....$37.1m (Q3 actual: $10.1m, other 3 quarters estimated: $27m)
Casio Hitachi....$4.2m ($33m total - $28.8m past sales). Now part of NEC.
Other Japanese per-unit licensees....$40.8m (includes NEC, Panasonic per-unit portion, Toshiba, Kyocera recurring. Japan total $121.1m - $37.1m Sharp estimated - $33m Casio/Hitachi - $4.9m Kyocera past sales - $5.3m Panasonic fixed-portion)
Taiwan per-unit licensees....$18.1m (includes HTC, Quanta, Arima, Asustek, Pegatron; excludes Inventec fixed-fee)
Other per-unit estimated...$1.5m
Less: true-up audit (6.7m) and other unidentified past sales (.7m) -7.4m

= Subtotal Per-Unit Licenses....$133.1m

Total Revenues....$394.5m


A further reconciliation of 2010 revenues to the chart of revenues by country in the 10K:

Korea....$175.6m (Samsung: $102.8m; LG: $57.4m; Pantech: $15.6m)
Japan....$121.1m (Sharp estimated: $37.1m; Casio/Hitachi: $33m; Kyocera past sales: $4.9m ; Panasonic fixed-portion $5.3m, all other Japanese licensees: $40.8m)
Canada....$38.8m (RIMM estimated $34.4m, Sierra Wireless estimated $4m)
Taiwan....$21.6m ( primarily HTC, and Inventec to a lesser degree)
*US....$18.9m (Apple: $8.4m; Beceem: $8.5m??; Lucent: $2.8m)
Germany....$10.3m (Infineon: $9.6m; Cinterion?: $.7m)
China....$6.2m (Capisemi, Spreadtrum, and unnamed Chinese chip maker in Q3)
*Other Europe....$1.9m (unsure could be Phillips/ST Ericy,some portion of Lucent/Alcatel, and Option) Other Asia....$.1m (very insignificant only $100,000)

Total Revenues by Licensee’s Country....$394.5m


I’m having some problems reconciling US revenues to the component licensees for both 2010 and 2009. I think 2009 US amounts should be Apple at $8.4m and Lucent at $2.8m = $10.6m versus the US chart total of $9.4m for 2009, or a $1.2 difference. I think 2010 US amounts should be Apple at $8.4m, Beceem at $8.5m, and Lucent at $2.8m = $19.7m, or a difference of $.8m from the $18.9m chart total.

I think perhaps Lucent’s $2.8m annual fixed-fee revenue is somehow being split between the US and "Other Europe" due to Lucent’s parent company now being Alcatel (French). However all of Lucent’s annual $2.8m is not going into “Other Europe”, because “Other Europe” only totaled $1.9m in 2010 and $1.2m in 2009. Also I believe IDCC is getting some royalty from Philips/ST Ericy and Option, which would be classified as other Europe too.



2009
Total Revenues = $297.4m

Past Infringement = $3m

Technology Solutions = $9.8m (estimate Infineon = $9.2m and Philips/STE = $.6m)

Recurring Royalty Revenues = $284.6M

Samsung 2G/3G fixed $98.5m from 1/14/09 -12/31/09 ($25.7m per quarter)

LG fixed 2G/3G = $57.0m ($14.25m per quarter) [License expires December 2010]

Sharp 2G/3G per unit = $28.8m

Kyocera fixed $5m ($2.5m per quarter). [License expired June 2009].

Apple fixed $8.6m ($2.14m per quarter)

Pantech fixed 2G/3G/4G = $4.4m from 9/21/09 – 12/31/09 (approximately $4m per quarter)

Lucent fixed $2.8m ($700,000 per quarter). [License expires Q1 2011].

Canadian Licensees (RIMM and Sierra) = $27.4m

Taiwan Licensees (HTC, Quanta, Arima, Inventec, Asustek) = $15.4m

Other Japanese Licensees (Includes NEC, Panasonic, Toshiba; Excludes Sharp and Kyocera) = $39.5m

Less past infringement ($3.0m) probably included in Canadian, Taiwan, or other Japanese licensees totals above to keep from double counting

All other licensees = $200,000

Total 2009 = $297.4m


2008:
Total Revenues $228.5m

Sanyo remainder (discontinued handset manufacturing): $7.3m [stopped at end of 2008 with Sanyo exiting handset business]

Other non-recurring revenues $2.1m

Technology solutions = $12.0m (primarily Infineon estimated at $6.1m, Spreadtrum estimated at $3.4m, Philips STE estimated at $1.6m, and Other = $0.9m )

Recurring Royalty Revenues = $207.1m

LG fixed 2G/3G = $57.0m ($14.25m per quarter).

Sharp $36.7m ($0.5m PDC; $36.2m GSM/3G)

NEC 3G $26.6m

Kyocera fixed $10.0m ($2.5m per quarter). [License expires June 2009].

Apple fixed $8.6m ($2.14m per quarter).

Sanyo fixed PDC/CDMA2000 $4.4m [stopped at end of 2008 with Sanyo exiting handset business]

Lucent fixed $2.8m ($700,000 per quarter)

Canadian Licensees (RIMM and Sierra) = $19.0m

Taiwan Licensees (HTC, Quanta, Arima, Inventec, Asustek) = $14.4m

Other Japanese Licensees (Includes Panasonic and Toshiba; Excludes Sharp, NEC, Sanyo, and Kyocera) = $28.8m

Less other nonrecurring revenue ($2.1m) probably included in Canadian, Taiwan, or other Japanese licensees totals above to keep from double counting

All other licensees $900,000

Total 2008 = $228.5m


2007:
Total Revenues $234.2m

Sony Ericy 2G true-up audit (1st qtr) $9.3m

Other non-recurring revenues $5.4m (Estimate $4.4m an additional Sony Ericy true-up and $1.0m Unidentified)

Technology solutions = $3.4m (Philips NXP estimated at $2.1m and Infineon at $1.3m)

Recurring Royalty Revenues = $216.1m

LG fixed 2G/3G = $57.0m ($14.25m per quarter)

Sharp $44.5m ($1.2m PDC and $43.3m GSM/3G)

NEC $32.3m

Sony Ericy recurring $8.8m (for one quarter in 2007)

Kyocera fixed $10.0m

Sanyo fixed PDC/CDMA2000 $4.4m

Apple fixed $4.3m (for 2 quarters at $2.14m per quarter)

Lucent fixed $2.8m

Canadian Licensees (RIMM and Sierra) = $14.6m

Taiwan Licensees (HTC, Quanta, Arima, Inventec, Asustek) = $11.3m

Other Japanese Licensees (Includes Panasonic and Toshiba; Excludes Sharp, NEC, Sanyo, and Kyocera) = $26.2m

Less other nonidentified nonrecurring revenue ($1.0m) probably included in Canadian, Taiwan, or other Japanese licensees totals above to keep from double counting

All other licensees $900,000


Total 2007 = $234.2m


2006:
Total Revenues $480.5m

Nokia 2G settlement $253.0m

Panosonic (Matsushita) 3G true-up $12.0m

Other non-recurring revenues $2.4m

General Dynamics $1.8m

Other technology solutions = $5.1m (primarily Philips NXP and Infineon)

Recurring Royalty Revenues = $206.1m

LG fixed 2G/3G = $54.7m (not quite a full year in 2006)

NEC $40.0m ($2m remaining fixed 2G settlement and $38.0m 3G)

Sharp $35.8m ($4.7m PDC and $31.1m GSM/3G)

Sony Ericy recurring $16.9m

Ericy fixed recurring $6.0m

Kyocera fixed $10.0m

Sanyo fixed PDC/CDMA2000 $4.4m

Lucent fixed $2.8m (at $700,000 per quarter)

Others Recurring Royalty $35.6m (includes HTC, RIM 2G, Sierra, Sanyo for GSM/WCDMA, Toshiba, Panasonic 3G, Option, Danger, Quanta, Arima, Inventec, etc)

Total 2006 = $480.5m


2005:
Total Revenues $163.1m

Kyocera: past years true-up on new license $10.2m

General Dynamics $16.2m

Other technology solutions = $2.8m (primarily Philips NXP)

Recurring Royalty Revenues = $133.9m

NEC $48.5m ($13m fixed 2G settlement and $35.5m 3G)

Sharp $36.3m ($9.4m PDC and $26.9m GSM/3G)

Sony Ericy recurring $15.7m

Ericy fixed recurring $6.0m

Kyocera fixed $5.0m (two quarters in 2005 at $2.5m per quarter)

Sanyo fixed PDC/CDMA2000 $4.4m

Others Recurring Royalty $18.0m (includes HTC, RIM 2G, Sierra, Sanyo for GSM/WCDMA, Toshiba, Option, Danger, Lucent, Quanta, Arima, etc)

Total 2005 = $163.1m


2004:
Total Revenues $103.7m (Note only includes 3 Quarters of recurring per unit royalties)

Past years true-up on new licensees $1.4m

Licensee discontinued standards $0.4m

General Dynamics $0.1m

Recurring Royalty Revenues = $101.8m

NEC recurring $44.3m ($13m fixed 2G settlement and $31.3m 3G)

Sharp recurring $25.1m ($12.1m PDC and $13.0m GSM/3G)

Sony Ericy recurring $12.7m

Ericy fixed recurring $6.0m

Sanyo fixed PDC/CDMA2000 $3.3m ($1.1m per quarter x 3 quarters in 2004)

Others Recurring Royalty $10.4m (includes HTC, RIM 2G, Sierra, Sanyo for GSM/WCDMA, Toshiba 2G/3G, Option, Danger, etc)

Total 2004 = $103.7m


2003:
Total Revenues and Other Income $125.2m

Sony Ericy past years’ settlement $20.3m

Ericy past years’ settlement $10.6m ($14m - $3.4m expected insurance reimbursement )

Other past year true-ups $0.3m

Nokia engineering services $1.0m

Recurring Royalty Revenues = $93.0m

NEC recurring $33.4m ($13m fixed 2G settlement and $20.4m 3G)

Sharp recurring $28.5m ($19.5m PDC and $9.0m GSM/3G)

Sony Ericy recurring $13.0m

Ericy fixed recurring $6.0m (at $1.5m per quarter)

Others Recurring Royalty $12.1m (includes HTC, RIM 2G, Sanyo 2G, Toshiba 2G, etc)

Total 2003 = $125.2m


2002:
Total Revenues $87.9m

Denso discontinued standards $9.7m

Kyocera discontinued standards $6.9m

NEC pre-2002 infrastructure $7.8m

Nokia engineering services $4.5m

Recurring Royalty Revenues = $59.0m

NEC 2002 recurring $22.5m ($12.4m 2G settlement and $10.1m 3G recurring)

Sharp recurring $26.2m ($23.5m PDC and $2.7m GSM/3G)

Samsung arbitration $0.5m

Others Recurring Royalty $9.8m

Total 2002 = $87.9m


2001:
Nokia engineering services = $21.8m
Sharp Recurring Royalty = $16m
Others Recurring Royalty = $14.8m

Total 2001 = $52.6m


2000:
Nokia engineering services = $17.2m
Sharp Recurring Royalty = $18m
Others Recurring Royalty = $16.2m (Note: accounting change in 2000 that converted previous nonrefundable upfront advances into recurring royalty streams based upon earned amounts each accounting period)

Total 2000 = $51.4m


1999:
Nokia Paid-up P1 royalty = $31.5m
Nokia engineering services =$14m
Robert Bosch = $7.9m
Japan Radio and Shintom = $3.4m
Others Recurring Royalty = $9.5m (mostly Sharp)

Total 1999 = $66.3m


1998:
Kyocera = $27m
Denso = $20m
Toshiba = $15m
Sharp = $6m
Alcatel = $5m
Siemens = $3m
Sanyo and Hitachi/Kokysai = $15m (can not break out this total between the licensees)
Others Recurring Royalty = $1m

Total 1998 = $92m


1997:
Samsung = $3m
Siemens = $1.5m
Others Recurring Royalty = $1.5m

Total 1997 = $6m


1996:
Samsung = $23m in 1996 from a total contract of $35m
Siemens = $ 4.8m
One unspecified licensee = $0.9m

Total 1996 = $28.7m


1995:
NEC = $27m
Mitsubishi = $20m
Siemens = $13.6m in 1995 from a total $20m contract
Hitachi/Kokysai = $3.5m
Sanyo = $2.8m
PCSI = $0.8m

Total 1995 = $67.7m


1994:
Matsushita/Panasonic = $20m
Qualcomm = $5.5m
AT&T = $2.4m
Others = $0.6m

Total 1994 = $28.5m


1993 = 0

1992 = $3m (possibly GM Hughes)

1991 = 0